Salsa Company is considering an investment in technology to improve its operations. The investment costs $$241,000$ and will yield the following net cash flows. Management requires a $10\%$ return on investments. $($PV of $$1,$ FV of $$1,$ PVA of $$1,$ and FVA of $$1)$

Note: Use appropriate factor$($s$)$ from the tables provided.

Year Net cash Flow

$1$ $ $48,200$

$253,900$

$376,400$

$495,500$

$5126,500$

Required:

Determine the payback period for this investment.

Determine the break$-$even time for this investment.

Determine the net present value for this investment.

Should management invest in this project based on net present value?